Bitcoin Forum
June 27, 2019, 11:50:19 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.7%)
<$7,000 - 4 (2.2%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.2%)
$9,500-$9,999 - 27 (14.8%)
$10,000-$10,499 - 26 (14.3%)
$10,500-10,999 - 13 (7.1%)
$11,000-$11,499 - 14 (7.7%)
$11,500-$12,000 - 17 (9.3%)
>$12,000 - 54 (29.7%)
>$20,000 - 14 (7.7%)
Total Voters: 182

Pages: « 1 ... 20262 20263 20264 20265 20266 20267 20268 20269 20270 20271 20272 20273 20274 20275 20276 20277 20278 20279 20280 20281 20282 20283 20284 20285 20286 20287 20288 20289 20290 20291 20292 20293 20294 20295 20296 20297 20298 20299 20300 20301 20302 20303 20304 20305 20306 20307 20308 20309 20310 20311 [20312] 20313 20314 20315 20316 20317 20318 20319 20320 20321 20322 20323 20324 20325 20326 20327 20328 20329 20330 20331 20332 20333 20334 20335 20336 20337 20338 20339 20340 20341 20342 20343 20344 20345 20346 20347 20348 20349 20350 20351 20352 20353 20354 20355 20356 20357 20358 20359 20360 20361 20362 ... 24367 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21248318 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (66 posts by 16 users deleted.)
gembitz
Sr. Member
****
Offline Offline

Activity: 966
Merit: 353


*Brute force will solve any Bitcoin problem*


View Profile
April 29, 2018, 04:30:30 AM

The other reason that most people don't 'get rich' is they simply never invest *enough* in the first place.

This is the trick, isn’t it?   Is what you are prepared to lose enough?

~./collect one satoshi from a billion people Wink weee
1561636219
Hero Member
*
Offline Offline

Posts: 1561636219

View Profile Personal Message (Offline)

Ignore
1561636219
Reply with quote  #2

1561636219
Report to moderator
1561636219
Hero Member
*
Offline Offline

Posts: 1561636219

View Profile Personal Message (Offline)

Ignore
1561636219
Reply with quote  #2

1561636219
Report to moderator
Crypto Casino Since 2014
Level Up & Get Even More Rewards!
Daily Treasure Chest
& Much More
Roll Hunt
Rakeback
Blackjack
Jackpot
Dice
Slots
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1561636219
Hero Member
*
Offline Offline

Posts: 1561636219

View Profile Personal Message (Offline)

Ignore
1561636219
Reply with quote  #2

1561636219
Report to moderator
1561636219
Hero Member
*
Offline Offline

Posts: 1561636219

View Profile Personal Message (Offline)

Ignore
1561636219
Reply with quote  #2

1561636219
Report to moderator
1561636219
Hero Member
*
Offline Offline

Posts: 1561636219

View Profile Personal Message (Offline)

Ignore
1561636219
Reply with quote  #2

1561636219
Report to moderator
bitserve
Hero Member
*****
Offline Offline

Activity: 882
Merit: 761


HODL.


View Profile
April 29, 2018, 04:38:09 AM

Hey guys, it is here where the $10K party takes place?

Maybe I arrived a bit too early?
Torque
Legendary
*
Offline Offline

Activity: 1834
Merit: 1501



View Profile
April 29, 2018, 04:42:25 AM
Last edit: April 29, 2018, 04:53:36 AM by Torque

The other reason that most people don't 'get rich' is they simply never invest *enough* in the first place.

This is the trick, isn’t it?   Is what you are prepared to lose enough?

It depends. I kinda don't like that phrase. Because you are never going to lose everything, and most likely worse case scenario you only about break even after a few years.

To have a shot at becoming "rich", I would invest enough in Bitcoin that if you metaphorically lost it all (so to speak) you could confidently save it all back up in 4-5 years through working. Whatever that amount is. The amount is going to be different for different people. Also you need to plan to hold it for at least 6-7 years, with 10 being more optimal.

Investors just throwing in $100, $500, or $1000 because that's "all they can afford to lose" should resign themselves to never getting "Bitcoin rich". Sorry but it just ain't going to happen. It takes money to make money, as they say.
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1410


Degenerate bull hatter & Bitcoin monotheist


View Profile
April 29, 2018, 05:03:58 AM

Money or time.

Hold $250 through 4 halvenings and see how you go with that.  

Assuming a 10x per halvening, that’s $2.5 million
Torque
Legendary
*
Offline Offline

Activity: 1834
Merit: 1501



View Profile
April 29, 2018, 05:10:16 AM

Money or time.

Hold $250 through 4 halvenings and see how you go with that.  

Assuming a 10x per halvening, that’s $2.5 million

Bitcoin at $95M/btc in 16 years? HIGHLY doubtful. Can I smoke what your smoking?  Cheesy
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1410


Degenerate bull hatter & Bitcoin monotheist


View Profile
April 29, 2018, 05:12:18 AM
Merited by Heater (1)

I was buying at $750 in January 2014 and here we are in 2018.  

Did I think we would reach $7,500 by now?  Not really.  Does anyone really understand the consequences of a deflationary monetary supply?  I think Paul Krugman does, and it gives him the cold sweats at 3am.
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
April 29, 2018, 05:21:40 AM

I was buying at $750 in January 2014 and here we are in 2018.  

Did I think we would reach $7,500 by now?  Not really.  Does anyone really understand the consequences of a deflationary monetary supply?  I think Paul Krugman does, and it gives him the cold sweats at 3am.

Not really. It's kind of new it seems.
mindrust
Legendary
*
Online Online

Activity: 1470
Merit: 1436



View Profile
April 29, 2018, 05:26:24 AM

Money or time.

Hold $250 through 4 halvenings and see how you go with that.  

Assuming a 10x per halvening, that’s $2.5 million

Bitcoin at $95M/btc in 16 years? HIGHLY doubtful. Can I smoke what your smoking?  Cheesy

Why not? Bitcoin can only be stopped  when it absorbs every paper money out there and the amount of papers out there is infinite as long as they keep printing.

They can stop bitcoin's growth only when they stop printing money. As long as they keep printing, some of it will always flow into btc no matter what.
Biodom
Legendary
*
Offline Offline

Activity: 1988
Merit: 1240



View Profile
April 29, 2018, 05:33:23 AM
Merited by xhomerx10 (1)

Most people just don't have the patience to hold any asset for a long period of time before selling. They feel that 1-3 years is about all they can do before they get the itch to liquidate.

The other reason that most people don't 'get rich' is they simply never invest *enough* in the first place.


I have a few points on this...

1. When you are young, 3 years is almost an eternity.
2. When you were even younger, you did not have the luxury of watching what happened to a stock a decade after you held it for a few years, then sold. Grant you, in most cases it would be NOTHING, but cases like AAPL or AMZN make you learn something and, hopefully, use later.
3. When you are younger, you usually don't have enough capital to invest meaningful sums, hence #1-2.
4. Sometimes I wonder if enjoying life more at the moment beats having more money later. For once, if you eventually get to a decrepitude stage with $100 mil worth of btc (say, in a few decades), then I have to ask: The f-k you are going to do with it? Give it to the second and third generation so they can do something stupid with it?
5. Overall, people tend to sell winning investments too soon and hold losers for too long. It's basic psychology. Avoiding taking/booking a loss.
People investing in stocks either lose everything or at best brake even. I zeroed one brokerage account myself some years ago.

TERA2
Full Member
***
Offline Offline

Activity: 266
Merit: 222


Deb Rah Von Doom


View Profile
April 29, 2018, 05:36:19 AM

Money or time.

Hold $250 through 4 halvenings and see how you go with that.  

Assuming a 10x per halvening, that’s $2.5 million

Bitcoin at $95M/btc in 16 years? HIGHLY doubtful. Can I smoke what your smoking?  Cheesy
But... if this doesn't happen and we only get,  say $50M/btc in 16 years or we have to wait 20 years to get $95M/btc, then thats BEARISH! What are you some kind of bear? You think bitcoin is dying? You just want to watch the world burn?
Torque
Legendary
*
Offline Offline

Activity: 1834
Merit: 1501



View Profile
April 29, 2018, 05:38:11 AM
Merited by mindrust (2)

Money or time.

Hold $250 through 4 halvenings and see how you go with that.  

Assuming a 10x per halvening, that’s $2.5 million

Bitcoin at $95M/btc in 16 years? HIGHLY doubtful. Can I smoke what your smoking?  Cheesy

Why not? Bitcoin can only be stopped  when it absorbs every paper money out there and the amount of papers out there is infinite as long as they keep printing.

They can stop bitcoin's growth only when they stop printing money. As long as they keep printing, some of it will always flow into btc no matter what.

In terms of price growth, I'm more apt to believe a trajectory based on logarithmic regression and Metcalfes' Law where the price growth slows down over time:



So in 16 years, we'd be lucky to be at a few mil. Maybe ~$10M if we're really lucky.
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1410


Degenerate bull hatter & Bitcoin monotheist


View Profile
April 29, 2018, 05:44:19 AM

Where does your Metcalfe's law chart put Bitcoin in 2036 after 4 halvenings + 2 years to shake out?
TERA2
Full Member
***
Offline Offline

Activity: 266
Merit: 222


Deb Rah Von Doom


View Profile
April 29, 2018, 05:45:22 AM

HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1410


Degenerate bull hatter & Bitcoin monotheist


View Profile
April 29, 2018, 05:46:41 AM

Berkshire Hathaway is a shitcoin. 
jojo69
Legendary
*
Offline Offline

Activity: 1428
Merit: 1778


no FOMO


View Profile
April 29, 2018, 05:49:59 AM


4. Sometimes I wonder if enjoying life more at the moment beats having more money later. For once, if you eventually get to a decrepitude stage with $100 mil worth of btc (say, in a few decades), then I have to ask: The f-k you are going to do with it?

I have been thinking a lot about this.

Do I want to be a filthy rich octogenarian with failing health, or a reasonably well off middle aged guy with energy for projects?
Biodom
Legendary
*
Offline Offline

Activity: 1988
Merit: 1240



View Profile
April 29, 2018, 05:50:11 AM


In terms of price growth, I'm more apt to believe a trajectory based on logarithmic regression and Metcalfes' Law where the price growth slows down over time:



So in 16 years, we'd be lucky to be at a few mil. Maybe ~$10M if we're really lucky.

That's actually not Metcalfe's law, but a modification that he does not agree with (nlogn instead of n^2)
It was made by Odlyzko and Briscoe under the title "Metcalfe's law is wrong" (sic!)
See here:
https://vcmike.wordpress.com/2006/08/18/metcalfe-social-networks/

That said, who knows what the graph would show in 10 years.
Torque
Legendary
*
Offline Offline

Activity: 1834
Merit: 1501



View Profile
April 29, 2018, 05:58:30 AM


4. Sometimes I wonder if enjoying life more at the moment beats having more money later. For once, if you eventually get to a decrepitude stage with $100 mil worth of btc (say, in a few decades), then I have to ask: The f-k you are going to do with it?

I have been thinking a lot about this.

Do I want to be a filthy rich octogenarian with failing health, or a reasonably well off middle aged guy with energy for projects?

Warren Buffett is worth $87B. But he's also an 87 year old man that lives in the same house he bought for $32K and eats McDonald's every morning for breakfast and drinks Coca Cola all day.

So there's that.
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
April 29, 2018, 06:02:20 AM


4. Sometimes I wonder if enjoying life more at the moment beats having more money later. For once, if you eventually get to a decrepitude stage with $100 mil worth of btc (say, in a few decades), then I have to ask: The f-k you are going to do with it?

I have been thinking a lot about this.

Do I want to be a filthy rich octogenarian with failing health, or a reasonably well off middle aged guy with energy for projects?

These are the burning questions for sure. I'm trying to strike a balance. No doom intended, but if I live to see 80 I will piss myself laughing.
Ibian
Legendary
*
Offline Offline

Activity: 1960
Merit: 1182



View Profile
April 29, 2018, 06:02:30 AM


4. Sometimes I wonder if enjoying life more at the moment beats having more money later. For once, if you eventually get to a decrepitude stage with $100 mil worth of btc (say, in a few decades), then I have to ask: The f-k you are going to do with it?

I have been thinking a lot about this.

Do I want to be a filthy rich octogenarian with failing health, or a reasonably well off middle aged guy with energy for projects?
Set a goal in life, figure out how much money you need to do it, and stick to the plan.
Ibian
Legendary
*
Offline Offline

Activity: 1960
Merit: 1182



View Profile
April 29, 2018, 06:03:45 AM


4. Sometimes I wonder if enjoying life more at the moment beats having more money later. For once, if you eventually get to a decrepitude stage with $100 mil worth of btc (say, in a few decades), then I have to ask: The f-k you are going to do with it?

I have been thinking a lot about this.

Do I want to be a filthy rich octogenarian with failing health, or a reasonably well off middle aged guy with energy for projects?

Warren Buffett is worth $87B. But he's also an 87 year old man that lives in the same house he bought for $32K and eats McDonald's every morning for breakfast and drinks Coca Cola all day.

So there's that.
Sounds like a failed life to me, if that's all you end up with. Money is a means to an end, not an end in itself. What does he do with his life?
Pages: « 1 ... 20262 20263 20264 20265 20266 20267 20268 20269 20270 20271 20272 20273 20274 20275 20276 20277 20278 20279 20280 20281 20282 20283 20284 20285 20286 20287 20288 20289 20290 20291 20292 20293 20294 20295 20296 20297 20298 20299 20300 20301 20302 20303 20304 20305 20306 20307 20308 20309 20310 20311 [20312] 20313 20314 20315 20316 20317 20318 20319 20320 20321 20322 20323 20324 20325 20326 20327 20328 20329 20330 20331 20332 20333 20334 20335 20336 20337 20338 20339 20340 20341 20342 20343 20344 20345 20346 20347 20348 20349 20350 20351 20352 20353 20354 20355 20356 20357 20358 20359 20360 20361 20362 ... 24367 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!